Norway's Gross Domestic Product (GDP) y/y reflects the monetary value of all goods and services produced domestically during a given quarter compared to the same quarter of the previous year. Norwegian GDP is calculated using three approaches: from production perspective, in terms of revenues received and in terms of expenditures incurred.
GDP is the main measure of the country's economy strength. The indicator often has a strong impact on market movements. GDP growth is an indication of the country's economic and financial system stability and therefore it can be seen as positive for NOK quotes.